Bioscience Firm Raises $15 Million to Bring Back Extinct Woolly Mammoth

Bioscience and genetics firm Colossal has launched on Monday with $15 million raised in private investment carrying the mission of advancing the de-extinction of species starting with the woolly mammoth.

Geneticist George Church and emerging technology and software entrepreneur Ben Lamm founded the company aiming to fight the effects of climate change through the restoration of the ecosystem.

Colossal is planning to develop a practical, working model of de-extinction through the use of CRISPR technology with the goal of returning extinct species to their original habitats to revitalize lost ecosystems for a healthier planet.

“In addition to bringing back ancient extinct species like the woolly mammoth, we will be able to leverage our technologies to help preserve critically endangered species that are on the verge of extinction and restore animals where humankind had a hand in their demise,” said Lamm, CEO and Co-Founder of Colossal.

Colossal’s oversubscribed $15 million seed funding was led by investor Thomas Tull ad included participation from many other investors and investment firms.

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